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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (57530)3/8/2009 1:09:41 PM
From: Rock_nj1 Recommendation   of 57584
 
The Senate found 8,570 reasons to hold up a government spending bill last week. That’s how many earmarks H.R. 1105 contains. The $410 billion appropriation bill passed the House, but in the Senate it had its earmarks pinned back, at least briefly. It is expected to pass this week with all $7.7 billion in earmarks intact.

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$7.7 billion in earmarks. I say big deal. We spent $20 billion on Iraq reconstruction without much of any debate or outrage from the American public or the rightwing media that is so up in arms about these so-called earmarks. A lot of that Iraq reconstruction money was wasted, as was a lot of our other money ($100 Billions) in Iraq that can't be accounted for or was wasted in various ways. Not exactly what our founding fathers had in mind when they warned of foreign entanglements.

Of that $7.7 billion in earmarks, I'm sure there are a lot worthy projects here in the United States that need funding after decades of neglect. I know of one in my area that would spare a local town from periodic flooding that causes $100 millions in damages and even takes lives in severe flooding events. It seems like the only way we can get the United States governemnt to actually spend money here at home to improve its own country is via earmarks, so I'm not convinced that they are the demon that the rightwing mediasphere makes them out to be. More likely an issue they have latched onto for political reasons, and I say that because where were they when a Republican President and Congress was spending $20 billion of our taxmonies on Iraq?
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